Member Info for RWP53

Thanks Kellogg’s you have a sound argument and I totally agree. It’s time for me to do the boring stuff😊

You are very knowledgable Kellogg’s, what is your view on this article. I value your opinion https://finance.yahoo.com/news/centrica- business-model-sustainable-210000207.html

But mostly Gordon Browns £5 billion theft every year since about 2001

Depends where the actuary invests, gilts, equities, cash, age profiles etc The deficits are mostly due to Gordon Brown removing the tax credit for pension schemes and introducing new accounting rule FRS 17 I think it was, The working man and members of final Sslary schemes should be really grateful to that man!!!! Oh and he still had his pension.

Since March 2017 the deficit is likely to have reduced considerably with stick market gains and inflation protection devised by company trustee. Companies also assign a large asset as collateral to the pension fund. Humber power station used to be worth £400 million and was used as this until it was sold. I don’t know which asset they use now or whether the actuary has a different plan with recent investment growth. This share potentially is worth over £3 but will take at least 3 years or maybe a general election

I hope this isn’t accurate; http://www.thetimes.co.uk/article/8af53e5a-1411-11e8-84d1-462768cd1752 Surely time for the board to resign, the share price down from £4. Every employee would be sacked for this under performance

I still believe the company should be split that way parts of the business would thrive and gave no ridiculous price controls. Let the uk business run at 4% profit and issue shares in the new companies formed from a split and give value to shareholders. That would also rid the spectre of re-nationalisation threat.

Sufcessex I would agree with any other company but Centrica are run so badly it beggars belief that the board have not had a vote of no confidence from shareholders

BP’s increased profits announced today should be indicative of an increase for Centrica, that and Conn resigning should hopefully turn this around.